FHA issued Mortgagee Letter 2026-06, increasing the maximum number of draw requests and clarifying draw disbursement procedures for the Limited 203(k) Rehabilitation Mortgage Insurance Program. Per the Mortgagee Letter (ML), FHA is increasing the maximum number of allowable draws under its Limited 203(k) program from 2 to 4 per contractor. Also, FHA further clarified draw disbursement procedures for the Limited and Standard 203(k) programs. The Mortgagee Letter becomes effective June 23, 2026.
Click to view the FHA Mortgagee Letter 2026-06: https://www.tenaco.com/wp-content/uploads/2026/06/FHA-Mortgagee-Letter-2026-06-06-23-26.pdf
Click to view the FHA Info #2026-13: https://www.tenaco.com/wp-content/uploads/2026/06/FHA-Info-2026-13-FHA-ML-2026-06-06-23-26.pdf
